Bookkeeping

You will always see a designated line to write your totals. The white receipt is called the original receipt, which is usually on retained earnings balance […]

It pertains to the confirmation that the entity has the right to ownership of the assets and obligations for the liabilities recorded in the financial […]

Let’s try to understand the concept of the unit of production method with an example. There have been changes in the regulations for using a […]

The concept of Total Period Cost originates from managerial accounting, where it’s essential to distinguish between costs directly tied to production and those that aren’t. […]

It is paid out of the company’s retained earnings or free reserves and since it reduces the balance of reserves it is “Debited”. It is […]

Sometimes, even in accounting, there are welcome surprises, e.g., when a previously written-off account pays unexpectedly. Perhaps a customer emerges from How to Invoice as […]

If you’ve been frustrated by slow response times with your current accountant, that will never be a problem with Gorilla. Our Client Service Guarantee means […]

Both ABC and ABM are management tools that help in managing operational activities to improve the performance of a business entity or an entire organization. […]

This is especially true when outsourcing a key task or responsibility to an expert partner. Are you more focused on the desired outcomes for your […]

This helps you clearly view all current assets and liabilities, avoiding inflated profits or understated debt. Accrued revenue refers to income your business earns by […]